Today, through the effort of the previous administration and present supervision of Municipal Mayor Atty. Mariano B. Buyagawan, Jr. as the father of Lamut, the gateway to Ifugao, has wide variety of opportunities awaited Lamuteneans.

In the Economic aspect of municipality of Lamut, Majority of the population engage in agriculture especially in rural barangays. Around 40% of its total land area is devoted to agriculture where rice is the primary crop followed by root crops, corn and fruit trees. Mango and banana are the fruits in abundance while taro, gabi, and sweet potatoes are the major root crops being produced. Lowland vegetables such as ampalaya, squash, beans and egg plants are also in abundance.

Poultry and piggery industry is a fast growing industry in the Municipality while in fishery, Tilapia is chosen as the One Town, One Product or OTOP of Lamut.

Commerce and Trade is centered along the national Highway in Poblacion East, West, Payawan and Nayon.

Following the fast growing population of Lamut is the growth of bigger commercial centers such as Lamut Market which is open every Saturday and Tuesday, Provincial Livelihood Center (PLC) which displays the best of the province’s products ranging from wood carved figurines, baskets, bowls, furniture, antiques, wall decors loom woven bags, runners, purses, native products, necklaces, T-shirts, processed foods, wines and beverages.

The industries located in Lamut are Furniture, wood carving, basketry and food processing industry.

In terms of Services, hostel, restaurants, gasoline stations, banks, ATM, internet shops, clinics, transports and others are available in the Municipality.

Lamut has also put up its own radio station also known as the 105.3 Lamut FM and official publication known as BANDO where fast and reliable communication is being disseminated to the public.

Municipality of Lamut has vast production areas that can be turned into agro-tourism such as Camat Organic Farm, Mango Groves, and Fish ponds. There are also caves, rivers, falls and other places of interest for picnics, and adventure trekking. Some of the hidden treasures of Lamut which was gently been developing are Holowon cave, Holowon water falls, Mabatobato view deck, DarAwan viewpoint, Yamashita Water cave, Sanafe Dome Cave, Ampucol Crystal cave, Sinublan Brook, Halog Falls, Matangili Cave & Balweg Cave.

Municipality of Lamut also celebrates annually the Rambakan Festival. A time to celebrate successful year of prosperity and usually held during the first week of April. It is a time to commemorate and celebrate the annual town fiesta of Lamut. The community people participate in the different activities such as parade, ethnic games and dances, sports, beauty and talent competitions and display of products in each barangays.

Setting directions to “UMUNA TI LAMUT” has also made possible through implementing and promoting Lamut’s best practices. Best practices of Municipality of Lamut have also gained popularity among neighboring municipalities. One of these practices is the “Walang Plastikan Sa Lamut”, launched by Lamut Municipal Solid Waste Management board on November 1, 2013 in compliance to Municipal Ordinance No. 03-2012, otherwise known as the Comprehensive and Integrated Solid Waste Management Program which aims to reduce the volume of plastic waste that is harmful in the environment and prohibits business establishments from using, selling, providing plastic bags and styrofoams to customers as packaging materials for dry goods as secondary packaging materials on wet goods.

Other best practice of Lamut is the Eco Bag Production, a livelihood projects for solo parents and Person with Disabilities or PWDs and No spitting of moma in public places.

In terms of Municipality’s achievements, Lamut sought plenty of awards from July 2013 to present.

LGU-Lamut is awarded Business Permit and Licensing System Compliant Award for its achievement in the simplification of Business Permits and Licensing System in 2014.

Lamut is also a two-time Red Orchid awardee, in the year 2014 and 2015, for following the World Health Organization’s “MPOWER” framework garnering a score of 98.86% under the Local Government Unit category and for implementing a 100% tobacco Free Environment.

Sangguniang Bayan of Lamut is also adjudged as outstanding Sanggunian for the 4th to 6th class municipalities category in Ifugao Province and the nominee to the Regional Level Search in 2015.

Moreover, Lamut is a recipient of Galing sa Paggabay sa mga Bata para sa Magandang Buhay also known as GAWAD GABAY on September 16, 2016 for its positive and Non-violent Discipline for the children in the community.

Furthermore, Lamut is also recognized in Region CAR as third place and 24th place nationwide in the 2016 cities and municipalities competitiveness.

Due to the invested hard works of Local Government Unit, Municipality of Lamut once again fished the award of Seal of Good Local Governance (SGLG) Pagkilala sa Katapatan at Kahusayan ng Pamahalaang Lokal. On October 27, 2016 Municipal Mayor Mariano B. Buyagawan, Jr. and some Sangguniang Bayan members headed by Municipal vice Mayor Adryan B. Chaguile conferred the SGLG award at Pasay City.

The SGLG award is not the first time achievement of Lamut, in fact it is the 3rd time wherein municipality conferred in this kind of recognition in terms of Good Governance. Other related awards achieved are the Good Financial Housekeeping in 2014 and other local awards. Today, Municipality of Lamut envisions itself to continuously to thrive with a vision to develop Agro-industrial and trade center of the province with socially and economically developed communities of diverse culture living in a peaceful, and healthy environment guided by God loving and competent leaders thru participatory governance and has a mission to Manage all LGUs resources with transparency and accountability with the highest degree of professionalism in the conduct of duties, render a comprehensive equitable and customer-responsive service to all, implement sustainable projects using cost effective and appropriate technologies, market the nine priority projects and other programs and respond immediately to critical and emergency cases.